Peter Carlsson

Northvolt Raises $1.1 Billion To Roll Out Battery Factory In Europe

Swedish battery manufacturer Northvolt has shared signing a $1.1 billion convertible note towards financing the expansion of battery cell and cathode material production in Europe. The decision has been taken to complement the  increasing demand for batteries. Investors that lent participation in the capital raise included AMF, AP funds 1-4, ATP, Ava Investors, Baillie Gifford, […]

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120-year-old paper mill to become battery materials gigafactory in Sweden

Northvolt and Stora Enso have signed a letter of intent for the purchase of the Kvarnsveden Mill and the surrounding industrial area in Borlänge, Sweden. Northvolt will develop the site into a manufacturing plant for active material and battery cells, reusing and refurbishing much of the existing facilities and site infrastructure, an official statement said. […]

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Swedish Battery Developer Northvolt Produces its 1st Li-ion Cell

Northvolt, a Swedish battery developer and manufacturer that specializes in lithium-ion technology for electric vehicles, recently commissioned its Northvolt Ett gigafactory in northern Sweden, leading to the assembly of its first li-ion battery cell. Marking a new chapter in European industrial history, the cell is the first to have been fully designed, developed and assembled at a […]

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